sales@ohiaccounting.com

+1 (646) 367-8976

CAM Reconciliation/CAM Audit Services

Common Area Maintenance (CAM) reconciliations can prove to be taxing for you as a property owner or manager. Accounting for expense recoveries and reconciling CAM charges in a commercial lease is complicated, error-prone and time-consuming. OHI provides comprehensive and high quality CAM reconciliation and CAM audit related services. Our team of experienced accountants are well versed with the CAM reconciliation related complexities such as expense inclusions and exclusions, changing base years, expense caps and floors, changing leased areas among others.


OHI is a specialized commercial real estate outsourcing company since 2006, offering lease administration, lease abstraction and lease audit services at very economical rates. Our services are used by 50+ commercial (including retail), industrial and residential real estate companies in California, New York, Texas, Florida, Colorado, Kansas and Washington among others.

Contact Us for a customized NO OBLIGATION proposal for outsourcing your CAM Reconciliation activities

Cost Savings

30-50% cost savings compared to in-house hired staff or onshore service providers

Staff with at-least six years of relevant real estate experience across leasing and accounting

Skilled Employees

300+ Clients in USA (50+ commercial and residential real estate firms)

Our Clients

  • Review tenant leases to identify inclusions and exclusions in Common Area Maintenance expenses and provisions for expense escalation
  • Evaluating general ledger of the property for calculation of allowable(recoverable) expense pools
  • Calculating gross-ups and other relevant adjustments to maximize receivables for the year
  • Generating year-end CAM reconciliation tenant billings and current year estimated CAM tenant billings
  • Document the entire CAM reconciliation process to ensure complete transparency for audit and future reference
  • Support in tenant audits

CAM Reconciliation Services

Useful Links

This article covers CAM expenses and the terms associated with it.

6 tips to make CAM reconciliation easier.

Common Area Maintenance Terms

Top 6 Tips for CAM Reconciliation

Read More
Read More

CAM Reconciliation Process

1

  • Base Year
  • Base Year CAM Charges ( PSF or Fixed)
  • Tenant’s Pro-Rata Share (PRS) and its definition
  • CAM Caps (Y-o-Y/Against Base Year, Cumulative/Non-Cumulative)
  • CAM Floors (if any)
  • Recoverable Expenses Inclusions and Exclusions
  • Renewal Year

Review of the Lease Abstract and Rent Rolls for:

2

Compute Expenses Pools: Creation of expense pools of recoverable expenses based on the above information

Gross-Up Multiplier Calculation: Calculation of Gross-Up Multipliers to adjust for grossed-up occupancy and suitably adjusting the expenses

CAM Expense CAPS/Floors tenant wise Summary: Summarizing CAM expense caps and CAM expense floors tenant-wise

Applicable Period for each Tenant: Review of the move-in and move-out dates to make adjustments for tenants who haven’t occupied full year

Applicable Space Calculation for each Tenant: Review expansion/contraction/shifting of tenants to arrive at allocated area and corresponding period for each area

Finalize Pro-rata Shares based on effective leased areas

GL Review: Scrutinize expense GL’s to ensure proper coding of expenses (only in CAM Audit/Detailed CAM Reconciliation service)

Prepaid Review: Analyze prepaid accounts for any unamortized expenses that should will affect expense pool

Amortizations Review: Review of capital expense and amortizations if leases allow for pass-through of certain capital expenses

Calculate Expense Recoveries: Finalize expense pools and calculate expense recoveries based on the above parameters

3

4

5

6

7

8

9

10

11

Pricing

* Flat fee quotes can be given for assignments with defined and limited scope of work and low complexity leases

SIMPLE CAM RECS. - HOURLY CHARGES

$13

* per hour

Request a Quote

DETAILED CAM RECS. - HOURLY CHARGES

$17

* per hour

Request a Quote

FULL TIME CHARGES

$2350

* Full-time staffing (160 hours per month)

Request a Quote
Read More
Read More
Read More
Read More
Read More
Read More
Read More
Read More

Residential Property Accounting

Commercial Property Accounting

Investment Analysis Services

Acquisition Analysis Services

Asset Management Services

Lease Abstraction Services

CAM Reconciliation

Back-Offfice Support Services

Other Services

Watch it in Action!

Learn more about our outsourcing services for real estate firms.

Team & Staff Profile
employees

75+

real estate clients

50+

About Us

  • 50+ real estate clients across North America in all major states and real estate sectors
  • High client satisfaction - Most of our clients have been with us since 8+ years
  • Fully integrated real estate service provider providing services in leasing, administration, accounting, analysis and allied services
  • Specialist real estate outsourcing services provider since 2006
  • Senior management team with rich outsourcing and management experience since 2003 in global companies
  • Staff with at-least six years of real estate outsourcing experience
  • Spacious office set-up (6000 square feet) with modern facilities and uninterrupted power supply
  • 100 MBPS high speed dedicated internet leased line

Trusted by Over 50+ Real Estate Clients, Including:

A vertically integrated, full service real estate company based out of Bellevue, WA. They specialize in commercial properties.

A well-known fully integrated real estate investment cum asset management firm based in Tampa (FL). They manage a wide variety of commercial real estate assets and provide property management services to 3rd party commercial real estate owners.

A privately owned real estate management firm that specializes in the management of commercial and multi-family properties in the Greater Los Angeles area.

A well-known construction and development company in Canada specializing in construction and development of high rise concretes. It is a mid-sized firm and one of British Columbia’s most experienced and respected developers.

A full service real estate investment management company. They provides in-house acquisition origination, underwriting, transaction management, asset management, accounting and investor reporting. The company is based in Denver, CO.

A well-known commercial real estate firm based in Tampa (FL). They manage close to 5 million sf of office and retail space.

Contact Us

Learn more about our
CAM Reconciliation/CAM Audit Services

All Rights Reserved © 2020 OHI